Tuesday, May 26, 2009

Audit of Federal Reserve is Gaining Steam

Around tax time, everyone preparing their returns is always aware that they might get audited. While I believe most normal hard working Americans look for any opportunity to get the largest return or if they owe - pay the lowest amount, I do not believe there is a huge conspiracy to cheat the government. Always fearful of the IRS goons disrupting your life with an audit and freezing of bank accounts most of us file an accurate return. Now if you are up for a Cabinet position - that is a different story and another post in itself.Knowing they can get audited on a whim, I guess most people would think that it is only responsible behavior that government agencies are audited on a regular basis. Guess again gullible Skippy...

As of today, the proposal had collected a bipartisan coalition of 179 members of Congress who have signed on as co-sponsors.

"To understand how unwise it is to have the Federal Reserve, one must first understand the magnitude of the privileges they have," he wrote in a new Straight Talk commentary. "They have been given the power to create money, by the trillions, and to give it to their friends, under any terms they wish, with little or no meaningful oversight or accountability."

Besides the support in the U.S. House, a companion bill, S. 604, also now has been introduced in the U.S. Senate by Sen. Bernard Sanders of Vermont. It has been referred to the Senate Committee on Banking, Housing and Urban Affairs. More...

The only thing that makes me leery is Sanders having anything to do with this. The guy is an undercover commie. Sanders, though not a household name - ranks right up there with other anti-American elected officials such as Harry Reid, Nancy Pelosi and Dennis Kookcinich. Sanders would be the "Joe" character with the above Larry, Curly & Moe, Stooges.